Fitch cuts Spain's credit rating to BBB, just two notches above junk, as the battle for rescue funding for its banks continues and Greek MPs clash on live TV
European Central Bank maintains rates at 1% despite some policymakers pushing for a cut, as Le Monde claims a Spanish bailout could be triggered in two weeks
Fears over Spanish banking sector prompt finance chiefs from the G7 to hold a teleconference call for noon BST, as Europe edges closer to agreeing banking union across the eurozone
On our daily blog we report on the turmoil in the bond, stock and currency markets - as well as the political dramas at the heart of the eurozone crisis.